For the budgetary notification to the European Commission at the end of September 2011 (notification of government deficit/surplus and government debt in connection with the Maastricht convergence criteria), Statistics Austria calculated the data for the year 2010 in accordance with the categories of the European System of Accounts (ESA 1995). As at the end of 2010, government debt amounted to €205.6 bn or 71.8% of gross domestic product (GDP).
From the year 2000 up to the year 2007 and again in the years 2009 and 2010 government debt is substantially higher during the course of the year than at year’s end, both in absolute figures and relative to GDP. In the fourth quarter 2008 this pattern changes for the first time and the downward trend – in % of GDP - and the seasonal pattern which can be observed from the 1st quarter 2000 onwards, is reversed. In the 3nd quarter 2011 government debt rises by €1.3 bn to €214.1 bn; this equals to a 0.5 percentage point decrease in terms of GDP compared to the 2nd quarter 2011, the reason being that the GDP growth was stronger.